D. Thode & Associates Inc. Blog

Q: Does it matter whether I work with a boutique insolvency firm or a large national LIT? A: Yes — while every Licensed Insolvency Trustee (LIT) in Canada is federally licensed and regulated to the same standard, firm size and structure often determine who actually answers your questions. At a boutique firm, that's typically the trustee. At a larger firm, your file is often split across several departments, and the person you speak with day-to-day may have very little industr

By Doug Thode, CIRP, LIT — Licensed Insolvency Trustee, D. Thode & Associates Inc. (outofdebt.ca) Quick Answer Q: Can a debt repayment agent legally call themselves a "credit counsellor" in British Columbia? A: Yes — and that's the problem. "Credit counsellor" is not a defined or licensed title anywhere in Canadian law, federally or provincially. British Columbia's Business Practices and Consumer Protection Act (BPCPA) licenses the specific activity of negotiating and distrib

Discover top budgeting mistakes, like ignoring unexpected expenses, unrealistic goals, and not tracking spending, and learn how to build smarter systems that work in real life. D. Thode & Associates Inc. helps BC & Yukon residents create sustainable financial plans and achieve debt-free living.

Struggling with credit card debt? Learn how to avoid common spending pitfalls and regain control of your finances. This guide from D. Thode & Associates Inc. explores the true cost of credit, practical money habits, and how a Consumer Proposal can help reduce your debt and avoid bankruptcy. Serving BC and Yukon.

Struggling with debt but unsure if bankruptcy is the right path? Discover effective alternatives like consumer proposals, debt consolidation, and credit counseling with expert guidance from D. Thode & Associates Inc., trusted Licensed Insolvency Trustees serving BC and Yukon.

A consumer proposal is a formal way to reduce and manage overwhelming debt. Recent data from the Office of the Superintendent of...

A Consumer Proposal is a structured debt resolution process offered in Canada, enabling individuals experiencing financial challenges to...

In recent years, people have grappled with the persistent challenge of soaring grocery prices, promoting concerns about affordability and...

In 2023, according to a poll by CIBC , 18% of respondents said they would prioritize paying off their debts over other financial goals,...

Bankruptcy and/or a Consumer Proposal is a challenging and often overwhelming financial situation. It involves a complex legal process...

You are not alone if you are feeling anxious about your growing debt. Having too much debt can lead to other challenges. Struggling to...

A new year is a good time to review our financial strategies. We want to take some time to check our current budget and make any...

Holiday festivities are a joyful time for most as we gather with friends and family. Still, it can also be stressful, especially when...

This is one of the first questions we are asked when someone is considering bankruptcy or a consumer proposal to assist them with their...

Rising Interest Rates The Bank of Canada has been increasing interest rates since March of 2022, which is causing financial institutions...

CERB Repayment Update Did you receive the Canada Emergency Relief Benefit (CERB) and are now receiving a collection letter from the...

Licensed Insolvency Trustees or LITs are government-regulated professionals authorized to administer federally regulated debt relief...

As the weather improves, so does our motivation to spring clean our homes and gardens. But what about your finances? Here are five ways...

Generally, Canadians have been taught that when you incur debt you must pay it back, with interest, at all costs, even to the detriment...

A typical debtor is a person who is unable to repay their creditors in a timely fashion. Debtors frequently seek out the services of a...